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tv   FOX Business After the Bell  FOX Business  October 5, 2012 4:00pm-5:00pm EDT

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thousand new stores. dave: facebook taking it down a couple notches with a nice run-up. >> zynga 2 and change is a tough one. we are up on the dow. dave: the bells are ringing on wall street. let's look how is shaping up and the dow was in negative territory with a very unusually good jobs no. nobody was expecting. we had an immediate halt in all the indices but only one remaining in the green. s&p may pull into the green but doubtful in the last couple minutes. dow jones industrial up 34 points but the s&p is down and the nasdaq down more solidly 1/2% and the russell 2,000 down as well. oil has had an incredible week. it went down in the middle of the weekend came up all little
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bit. ending below $90 and now people are saving more likely to hit $80 before it hits $100 coming up and treasurys. when job numbers look good the fed will do less and there's a huge sell-off in treasurys. the ten year yield is up 6 basis points. very big jump. that is a 5% gain and the week's dow winners as we look at the bank of america home depot bank of america was off a little bit and home depot remained positive and verizon and j. p. morgan. the most buzz, and of the day. one of the most noted economists calling today's jobs report a, quote, statistical fluke. the man behind that, dean baker of economic policy research will be joining us coming up and
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heading to cleveland where liz claman joins us with the top business leaders. who do you have? liz: mark clark of first energy. they are in six states including new york and new jersey and ohio. they are a huge energy concern. they do electricity and natural gas and coal-fired generation and nuclear. what is the landscape for energy? the electrical utilities. back to you. dave: before that we tell you what drove the markets with the data download. some jobs euphoria did fade with all three major indices losing ground. the dow is the only index that managed to eke out modest gains. stocks posting of a first weekly gain. closing weaken the green but financials technology was the biggest lagger. the economy added 14,000 jobs in
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september narrowly beating the economist estimates. the unemployment rate went the other direction and for the first time in forty-four months dropping to 7.8% from 8.9%. we get into details of that. a lot of people are skeptical. bold falling from an 11 month high following the september jobs report. oppresses metal jumped $17.95 before settling at $1,080 an ounce. let's get today's action from the pits of the cme. paul desmond will tell us why you need to watch small caps carefully. michael gives his talk for year's end. let's start with a lot and the jobs numbers. i am curious. the cme traders are very skeptical people by nature. they have to be because there are so many people selling stuff. do they believe the numbers when they came out?
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>> that was the most interesting thing. most of the traders were expecting that number of unemployment data to the 8.1% and job data below the 110,000 and when it came out the initial reaction was cover your shorts right away. this is an amazing incredible number. we saw the market pushed higher as it progressed traders were more skeptical and we saw a late day sell-off. dave: the federal reserve may pull out of q e surreal little early. that might scare a lot of people in the market. >> absolutely. that is why you saw the gold market back off and silver as well. surprising we didn't see much of a boost in the dollar index and riskier currency is come off. they were pretty firm but gold prices starting to sell off. to be interesting we couldn't get through the $1,800 mark and starting to back off to the
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1770s. dave: we saw the dow get out a small gain today the other indices were in the red. our people wary at the cme about going along into the weekend? >> what we saw was a lot of profittaking. people skeptical over the numbers. looking forward at the next month, the next job report. will those numbers be revised lower. will the unemployment rates that back over 8%? it is a smart move to book some of your profit than pushed on. dave: we will be checking in with you when the s&p futures closed. let's bring in our market panel. paul desmond of research corp. and mike, wealth management and founder. what is the meaning of the jobs report as concerns my portfolio and folks out there who have a portfolio? >> what you suggested earlier with new jobs being in line with
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consensus was expected. what we saw was a big surprise was the wretched down in unemployment rates and you have to think about it is it something that can continue to be sustainable? you look at the seasonal work and underemployment remained steady at 14.7 and it is a concern with mixed economic signals out there. jobs were initially thought of as reasonably favorable today. we had the fed continuing to stimulate and become more aggressive. even housing was positive. consumer confidence at a four month high right now. you have a lot of favorable things out there but you have to consider there's a lot of factors that cause one to protect the downside. earlier we saw gdp ratch it down to 1.3%. we have concerns around factory
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slowdowns. 52 people have less money in their pocket and kef and as for much. i got to ask you are you buying into this jobs figure or not? >> the jobs figure alone is only one factor out of a million reasons why you should be buying or selling. over time it won't have a lot of importance buff for more important is in spite of the bad news that has been around we have still seen a strong bias -- investors seem to be saying things look bad now but we think perhaps they're going to get better and some good strong buying enthusiasm in here.
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dave: the market is dying to perform on both production and the consumer side. we are in the 43 months of a bull market which generally run 39 months. it is getting old, isn't it? >> it is and it is time for investors to be watchful and looking for the signs of deterioration that precede important market tops and that is what clients of looking to us for to watch these various classic warning signs. the most important one is the deterioration in the breadth of the market. individual stocks start to fall off into their bear markets one at a time almost like the leaves falling off of the trees in autumn. generally starts with stocks that are being watched the least which are the small caps, micro cap stocks and we are seeing that taking place particularly on the nasdaq market's.
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we are seeing some deterioration. you can see it in transportation stocks and some weakness going on in the utility's area. dave: excuse me for hurrying you but i want to get mike in again. the bottom line is lasting to go in the situation are big cap stocks. you focus on the big caps. >> we are seeing that in the dow jones industrial average today that is the rest of the major market. dave: today is a perfect example. let me get some specific picks that you have. you have one with fracking equipment. that is for michael. that is your pick. >> with the mixed landscape we see right now one of the things we want to do is protect the downside but not miss out our potential rally. in order to do that we see
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opportunity and high dividend yielding stocks with extremely strong balance sheet relative to projected earnings and existing earnings and stocks and also maintain an abundance of free cash flow. this gives the likelihood to maintain that dividend payments and provides more resilience in the volatile market. dave: we have this fiscal cliff coming up in which all of the breaks we have been able to get from dividends might go away. we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of the market turns against us and we could see a
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lot of volatility later in the year in fiscal disfunction remains on going. it is the concern of a lot of business owners and job creators and certainly something to keep our eyes on. dave: a lot more coming. good to see you both. thank you. appreciate it. even a liberal economist calling today's jobs numbers a statistical fluke. dean baker, co-director of the center for economic policy research getting a lot of press for put in cold water on these numbers. drink up spiritsmaker constellation brand. they're stocking a new all-time high following its earnings release. the good times keep flowing. the ceo joining us straight ahead. we are heading back to the buckeye state talking to one company powering up in ohio. the ceo of first energy sitting down with liz claman live from cincinnati coming next.
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dave: we are in cleveland where liz claman is. the s&p futures are closing right now. let's go to fill at the cme. how does it look going into the weekend? phil: traders will be looking to next week in a couple things. you will look at the fed facebook data that comes later in the week. that is a precursor to where the stock market is going. look at the department of energy that released stocks wednesday for crude oil. seeing crude oil prices above 90. we could see a snap back to the upside. dave: have a great weekend from chicago. let's go to new york. nicole petallides on the floor of the nyse. pierre 1 making a come back. nicole: when we talk about peer one i don't know if anyone has been to one lightly but oppenheimer is hot on pier one
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and the stock reflects that. take a look here today. you see it up 4.4%. oppenheimer saying the retailer's come back is only beginning. when we talk about earnings growth we are seeing the stock. pierre 1 airports -- imports at a eight year high and up 40% year to date. it is this retailer we don't focus on pierre 1 as much as others but oppenheimer says their growth potential was only just beginning. dave: good for pierre 1. even with natural gas hitting new highs in the past week it is still the cheapest thing in the world of energy so what do you do if you are a utility serving 6 states and relying heavily on coal? liz claman is in cleveland with one such company. liz: nuclear too. i have first energy. publicly traded utility operating in six states with 20
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coal-fired electric plants. what is happening with the business? why have they withdrawn? get the real story from mark clark of first energy. thank you for joining us. born and raised in northeastern ohio and working at first energy utility business is not an easy one. >> not today. liz: today why? >> low gas prices and a tough economy. industrial sales are back to where they were in 2007 but that five years. residential little off but that is more weather-related. we have a lot of growth. the are no industry doing well. we have toledo with a chrysler investment and cleveland has the ford engine plant and then you have huge growth in terms of the health-care industry. the cleveland clinic doesn't add one building. they seem to add an additional block to their portfolio. with low gas prices that does
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affect what we do because a good portion of our business is selling power. liz: coal-fired plants. can you convert some of them? are you in the process of considering that? >> yes. we actually have 100 plants with twenty million megawatts of power. some of the plants can be converted up to probably 20% and doing the engineering studies now. a reasonable expense and with gas prices down around $3 it does -- the other factor is takes a lot of pressure on the coal suppliers. it is a tough economy for them. people are shutting power plants down. give the lot of leverage in terms of contracts. liz: operating in six states. new york, ohio, pennsylvania, new jersey, maryland. you withdrew 2013 earnings. >> we had too many things that
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were uncertain and we got to the point that the list was too long and we wanted to make certain we were comfortable when we went back to the market and not only comfortable but could explain it. liz: when will that be? when we come back to the market? >> our target is what we do the third quarter earnings, which is the first portion of november. we don't want to wait until february of next year so we will be able to get to the quarter number. liz: and nuclear power plant, the fukushima disaster in tokyo, has that hurt your opportunity to continued that business or grow it? what is the outlook for nuclear right now? >> we dispatch nuclear at $6 and gas at 24. there is a big delta but to build a nuclear plant takes a long time. it is going to dispatch the market if the market price -- putting up half of your balance sheet to build a unit takes a long period of time. what we have been doing with our
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nuclear units is when we have an outage >> reporter: something until we have 20 megawatts to the unit. liz: the record is tough for first energy. producers' revenue, i live in new jersey and tell them i'm not happy. you are working hard to improve the record of outages and fixing them more quickly. >> if you take outages and put him in two separate buckets the things that happen in a normal routine day in and day out we have an excellent record of 98 points and -- the real difficulty is when you have a storm or hurricane you can free plan for it and schedule -- you can schedule but and the storms we have, the hurricanes and big snowstorms we had 6,000 crews and people forget that the logistics of keeping them hydrated let alone getting the wire equipment but the big issue and we think it is to the community at large is safety.
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your household, working that voltage levels that are thousands and thousands of times -- they make a mistake they risk their lives. is it worth 15 minutes more or an hour more to keep saves? we think most people would say absolutely. liz: mark clark, chief financial officer of first energy. everybody gets frustrated but in this end you don't want somebody flipping on a switch when it is unsafe but they're always trying to. 6,000 crews at the ready for the upcoming winter season. dave: what is amazing is we have so much energy here at home and in some cases such a waste not to use it all. he has been making headlines all day. well-known liberal economist saying today's jobs report was a statistical fluke. dean baker, co-director of the center for economic and policy research is here to join us in a moment to tell us why he thinks that.
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cheers, beer and liquor company consolation brand is saying that as their stock touches an all-time high. watch fueling the growth. we are talking to the ceo of consolation coming up. ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech mastpiece? ♪
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dave: one of the most perfect things in the world is an ice cold corona beer on a hot beach. everyone giving me a thumbs-up. i'm not alone in thinking that. the stock of constellation brand has been on a tear. banking on it all, constellation brand's top estimates for second quarter earnings and shares at an all-time high. joining us is constellation branch ceo rob sands. you guys popping open corot not on a good day like today?
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>> why not? dave: why since july when you look at the stock ended is flat mining during the year of the part of this spring and summer why in july did it take off? >> we operate our beer business through a 50% joint-venture called crown and we announced that then that we were purchasing the other 50% of that joint-venture and it is a really good transaction for constellation and puts us in a good position relative to where we are in the beverage alcohol business. dave: having sold rights to it is the huge plus but what about wine? it is a difficult market to get into and compete in. >> it is a difficult market to get into but we are the largest premium wine country in the world. we have great brands.
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the best brand portfolio of any wine co. with brands like raven would and jackson in canada to name a few. we are in a very strong position with very strong brands and we also have pretty strong spirits business led by the third largest brand in the united states. dave: how closely do you monitor foreign currencies? as the u.s. dollar begins to increase in value by virtue against some of the foreign exporters of wines do you follow currencies very closely? >> we follow currencies but actually a stronger dollar and a weaker euro help us a lot because we own companies in europe and we export those products to the united states. a week euro strong dollar is to
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our benefit. as a general proposition we are not that currency exposed. currency is not a big factor in earnings these days. dave: what do you think of the economy in general? >> it is a slow recovery. we have actually seen that help us in certain areas like the on premise which has gone from being substantially down to being up for the first time. the slow recovery has helped our business but in general our business is not terribly cyclical. therefore, the economy does not tend to have a big impact on us one way or the other. dave: what are your plans for expansion? beer had been falling for a couple years before it took off again. >> our beer business has been growing but now it is growing at a bigger clip than it has in the past. right now we have a lot on our plate, as of 2 expansion.
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in the last several months we bought a brand called mark -- the better known brandon united states. very hot brand and hot category and get this deal closed to acquire the other 50%. dave: you are in rochester, new york. my uncle used to make wine in naples not far from rochester. rochester went kodak, began its slump, rochester began to go down too. are you helping rochester back to the community? >> rochester is probably economically the strongest city in upstate new york. we have a lot of high-tech, fuel cell, optics. employment in rochester over the last ten years has increased and some of those areas including the world's largest premium wine company helped to offset declines in the traditional companies like kodak. rochester doing pretty well.
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dave: congratulations and thanks for coming. come back and see us again soon. appreciate it. forget september's low unemployment rate. we have a guest to says today's jobs report is a statistical fluke. dean baker, a co-director of the center for policy research is here to tell us why coming up next and supply disruptions, low inventory sending gas prices surging double digits. we will tell you the state getting rid of artists straight ahead in today's speed read.
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why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. david: time for a quick speed read. first up the congressional budget office estimates a federal budget deficit at $1.1 trillion. the fourth straight year of trillion dollar deficits. it was a slight improvement from the 2011 deficit of $1.3 trillion. starbucks will add 1,000
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stores in the u.s. over the next five years. the coffee giant's ceo said the expansion will add total of 20,000 jobs that. is good news. california gas prices increased 36 cents in one week. the average price of regular gas across the state is $4.49 a gallon the highest in the nation. dave and buster's halts plans to launch a initial p.m. ofsh. yesterday the company first filed to go public in july. rooper jay-z is live streaming his final con terse in new york city's barclay center. will air on his new channel on youtube. [buzzer] just in time that is today's speed read. the u.s. unemployment rate as i'm sure heard fell to 7.8%. one economist said expected to rise to 8.2%. dean baker, economic policy
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and research director said the unemployment rate drop certainly a statistical fluke. we don't have to quote him because we have him. he is here right now. dean baker good to see you. all the press releases i see, liberal economist dean baker. so like it or not that is how you're described. >> i've been called worse. david: why do you think it is a statistical fluke what we saw today? >> let me just be clear. a lot of being are running around saying someone doctored the numbers. not saying that at all. david: i understand that. >> we have two different sauer voice. they ask 400,000 first during the survey. that is pretty accurate one. one is household survey. usually numbers are ballpark but sometimes you see a big movement as we did for the september data. you go, well most likely at least part of that, not saying all of it. my best guess, .1 of a was
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real drop. .3 doesn't fit with other data we've seen about the economy. i'm inclined to say the unemployment rate fell to 8%. we may see jump back up to 8% when we get data october. good news in the right direction but not as fast as that number would suggest. david: just to put a fine point. those are the u.s. unemployment rates. go back to the other statistic that compares the two, establishment survey and the household survey, if you can put back the other figures. what you will see the household survey is all over the place. that is the yellow line. you can't make any sort of judgement what is happening. the blue line you see is much more steady. that is the one you have more truss, in, correct? >> that's right. again, just to say, you can't say, i won't say you can't get anything from the household survey. just again it tend to exaggerate. when you see big movement in the household survey, odds are part of that is measurement error. david: here is my big question. we saw gdp figures estimated
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down from 1 into 7% which is bad enough down to 1.3%. my question is, how can unemployment drop at the same time as growth drops? >> well, again we're in another quarter now. my guess is when we get data for the third quarter we'll probably see growth somewhat over 2%. david: gotcha. >> again the revision was simply measuring what we had aldy seen. it was originally reported when we first got the data 1.3%. i'm sorry, 1.5. they revised up to 1.7 and revised back to 1.3. in reality those revisions are not that large. we'll get subsequent revisions to it. it could be up or down. who knows what it will be when we look back the number two years from now. it ma well be very different. david: what about a month from now? again the key hear is the election. we've got one more of these jobs numbers coming out before the election, right before, just a couple days before the election. might that revise these numbers upward? >> well, the unemployment number is never revised. we're not getting more data
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on the unemployment. what number may change is the number of jobs. and that is certainly can go in either direction. we recently told to do a benchmark revision every year. that is to march, earlier in the year. that will revise the numbers, number of jobs that are in the survey upward by about 350,000 as of march 2012. now, the numbers we're getting this month. this won't be by the election. those will be revised when we get benchmark revision for march 2013. i don't mean to make this confusing. i'm just saying when we look at sort of small changes they could go either way. i wouldn't make too much of that. if we want to look at economy you have to look at longer term picture, i've been saying more or less the same thing. the economy is growing. it is doing okay in that sense except we're in a very deep hole. the rate of growth we've been seeing it will take us a long time to got out of the hole. david: it is awful. i was going back to eras when we had the big jumps in household employment,
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household figures. one was back in 1983. in the middle of 1983 we were growing at 9.1% in that particular quarter on annual basis. you compare that comeback from a deep recession from this comeback and it is pathetic. >> well, it is point to understand, it was very, very different type of recession. the '81, '82 session was steep one but a classic recession brought on the fed raising interest rates, to fight inflation. brought them up too far. brought us into recession. when you raise rates there is easy solution that you lower rates. that led to sharp fall i don't have in cars and howing. you can't do that with a recession brought on collapse of housing bubble. which is the case here. there is no easy way to get the economy back on track. david: finally the federal reserve board, of course they have two mandates. one to maintain the value of the dollar. one keep unemployment down. they haven't done a good job at either. it might be beyond their capacity to do that.
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ben bernanke says he can address those issues by qe3. will this force him to pull back a little from qe3. >> just to be clear the inflation rate has been very low. david: inflation has. some ways although hard, it is hard to tell people, you know, who go to the gas pump and see their gas double in two years. that is is --. >> fed's mandate has nothing to do with the price of gas. that is run by national factors. david: people don't believe that. >> i don't think bernanke will back away. is still moderate growth. i can't see him backing away at all. if anything if we continue to see reports on this i think there will be pressure on him to do more. david: really? wow, a lot of people would think with a good jobs report you think he would pull back but you think it might encourage him to do more? >> i don't mean this particular one, if we continue -- keep in mind i'm focusing on establishment survey. last few months we've been averaging 150,000 that is okay. we have 150,000 will take us 10 years to get back to full
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employment. david: dean baker, thank you very much you came con to talk about taxes. we switched because of the news. appreciate you switching gears dean baker. thanks very much. >> appreciate you having me on. david: retailers around the country already spreading holiday cheer saying they will hire tens of thousands for the big shopping season. maybe this is one of the reasons the jobs figure is turning around but are shoppers really feeling as optimistic as they think they are. also we're heading back to the buckeye state for a look at this week's news making interviews from our open for business series. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you,
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spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd spiriva helps me breathe better. (blowing sou) ask your doctor about spiriva. >> i'm robert gray with your fox business brief. stocks gave back nearly all their early gains on wall street reversing this morning's jobs inspired rally. with the rates race for
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the white house heating up president obama's campaign is outspending republican rival mitt romney. the nielsen company the president is running nearly three times as many ads in swing states. the biggest disparity in the key swing state of ohio. after a turbulent week and dozens of canceled flights, american airlines says all of their 757s will be back online tomorrow. airline says issue has been identified and their maintenance teams are securing a government approved locking mechanism to make sure no seat can be dislodged. that's the latest from the fox business network, giving you the power to prosper
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david: cleveland is open for
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business. liz claman got a chance to speak with some of the most influence businesses. liz? >> cleveland rocks. steve wynn wood leading into this segment. we spent 48 hours here showing cleveland is open for business. we talked to the biggest business leaders from all sectors of the economy from oil to banking to the nfl who have proved this place does rock. it's the place to be. >> we were $8 billion in the hole, the largest deficit in history of the our state and we balanced the budget and built this rainy day fund. then we told the regulators, look, business is not enemy. we need good regulation. we have very tough regulations on hydraulic fracturing but regulations are not duplicative. we don't need to spend all day, getting in a situation with business where we can't give them an answer. when they find we're not doing a very good job in something we go right back at it. >> as we look at all of this. talk about this as a business hub and a tourism hub.
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$100 million a year come through the rock hall of fame. >> $100 million impact. half a million people come here. on average stay two nights from from more than 100 countries. 50 states. >> every year. 50 states, 100 countries. >> people don't go to medical school because they think they will get rich. they go to medical school for calling. get paid well, well-paid profession. no question about it. that is not why they go to medical school. we have many good applicants than what we have places for. we'll have a shortage of doctors. we'll have shortage of 90,000 doctors in the united states which will go up over time and more people and more things we can do for them. so we've got to look at other people who will deliver care, physician's assistants, nurse clinicians, et cetera to help screen people. >> wherever i travel, people are cited about the browns, tremendous fan base. we're very excited. we think it is a great
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opportunity, tremendous football town, great community. >> businesses, it's okay. businesses spread about one-third north america, one-third europe and one-third asia. europe's down a bit. america is kind of going side way. asia's down. liz: asia's down. do you foresee that turning around anytime soon? we watch all kind of metrics. what about iron ore imports. what about electricity generation out of china? do you go to china a lot? >> i do go to china a lot. i spend two or three trips a year, several weeks out of the year. turnaround in all honesty i tell warren when i talk to him we're going sideways i think we'll continue to go sideways through the remainder of this year on into next year. liz: the warren was warren buffett who bought lubrizol outright but business sideways always ends up in america going up especially here in cleveland, ohio. been a great homecoming for me in a way. i used to work here in channel 5, in 1991.
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chiefland is open for business. david, that is really a message that we wanted to send. on behalf of the entire fox business crew here in cleveland and of course a big thanks to the gang at jacobs pavilion and rock 'n' roll hall of fame. see you back there on monday. david: liz, i guess visit to the cleveland browns was your favorite part of the trip? >> yeah. i like the indians too. we had mark shapiro of indians. always good to talk to toby cosgrove and all our business leaders. david: a huge browns fan. pay no attention. she loves the cleveland browns. liz claman, see you on monday. thank you very much. holiday hires are in full swing as retailers beef up staff to get ready for the december rush. are customers ready to spend what is in their pocket? jeff flock in chicago what the holidays have in store for retailers. happy birthday, james bond. everybody's favorite secret agent turning 50 today. coming up why the
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film-makers still have reason to celebrate. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪
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david: may not be the secure full-time jobs so many of
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the unemployed are looking for but seasonal hiring in many of the nation's retailers already begun. jeff flock at a kohl's store in chicago with outlook for holiday hiring. jeff? >> in the men' department this hour looking at rock and republic jeans i'm told all the kids are wearing them. i don't know if i should buy a pair or not. that is one of the brands driving customers into kohl's, one. retailers very bullish on holiday hiring. let's put stock up there. kohl's doing pretty well. i have michelle banks who revealed to me as district manager, started her career in retail as seasonal employee. tell me why kohl's is bullish on seasonal employees and how many people are you looking to hire. >> 52,700. >> how much compared to last year? >> that is up 10%. >> what makes you bullish on holiday. >> we continue to officer customer the kohl's service customer they know.
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it is about convenes and react to each and everyone's store needs. >> it is a mixed bag. let's put stocks of other retailers. not everyone sir mooing more. sears says the hiring will be flat. macy's is up 2 1/2%. wal-mart will be slightly higher. not giving exact number. target actually this year hiring fewer seasonal employees. just like the jobs numbers, however you look at it, a little bit of a mixed bag. overall, michelle, you tend to go bullish on the bullish side this christmas? >> we'll make sure we continue to give our customer the great things she has come to expect at kohl's. >> there you go. we won't charge them for that. there you go. david, mixed bag on the jobs numbers holiday hiringwise. david: at least they're up at kohl's. that's nice. 10% increase. jeff flock, have a great weekend my friend. thank you very much. >> thank you. david: james bond turns 50 today. we'll tell you which bond ranks at the top of the list for fan favorites when we go
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"off the desk."
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i touched the ball before it went out, coach. come on, alex, the ref did not call that! i touched, it's their ball. team! alex. alex, good call.
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. ♪ . david: it's time to go off the desk. you recognize that music, the man, the car. grab a martini shaken not stirred and put on your best tuxedo to celebrate the james bond films 50th anniversary. 007, we can't forget the ladies. first hit the screen in 1962 with "dr. no". became longest

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